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Sep 30, 2012 2:30am EDT
business during the financial crisis. my conversation with former fdic chair sheila bair and the story she couldn't tell while she was on the job. >> so many lives are lost every day because of lack of access to clean drinking water. >> the remarkable partnership between a renowned inventor and corporate america that could save untold lives. it's the real thing. the "wall street journal report" begins right now. >> this is america's number one financial news program, "wall street journal report." now maria bartiromo. >> here's a look at what is making news as we head to a new week on wall street. disappointing news on the broadest measure of the size and strength of the economy in america. the reading of the gross domestic product shows the economy grew at a rate of 1 1/3 percent for the quarter down the previous reading of 1.7%. much of the change due to poor farm production in the midwest because of a severe drought. the dow jones industrial average broke a four-day losing streak on thursday with the best day in two weeks after fresh concerns about europe eased. the markets wer
Sep 25, 2012 6:30pm PDT
. >> tom: it's quite a read. sheila bair, and the name of the book. "bull by the horns". >> tom: talks tomorrow between american airlines and its pilots union could mean smoother travel for customers, and for the company in bankruptcy. the airline has been plagued by cancellations, crew shortages, and maintenance requests since a bankruptcy judge voided the pilots' current contract earlier this month. diane eastabrook has details. >> reporter: american airlines pilots say they aren't disrupting flights over a beef with the bankrupt carrier about a new contract. the allied pilots association said in a prepared statement that "we have verified that pilot sick rates have not deviated from normal historical rates. crew cancellations remain at normal rates." earlier this month, a bankruptcy judge struck down the pilots' current contract with american after they voted down a new one. while american has seen an increase in cancellations in recent weeks, prompting complaints from passengers, analysts think the two sides can resolve their differences. >> it's something that i believe is tempora
Sep 25, 2012 6:30pm EDT
bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the decisions. she was the chairman of the fdic and has written about theed financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly needed to do something. weeshtd have done more to get the homeowners restructured and clean up the banks balance sheet, by making them clean up the losss and clean up the balance sheets, especially sick ones like citigroup. so some areas we didn't do enough, in banks we were lavish in the aim of mony and support we gave them. >> tom: do you regret that? >> well, i do. a lot of this is retrospective. you look back on this, and most of them only had a quarter loss, and paid by the end of 200
Sep 29, 2012 8:00am EDT
back. we'll talk with sheila bair, former chairwoman of the fdic. you're watching cbs "this morning saturday". i love my extrabucks rewards, and right now, they're doubling! so, when i shop -- i earn twice as much with double extrabucks rewards. that's two times the rewards! yeah, that's what double is. i know. i was agreeing with you. it's two times. act fast and sign up at for double quarterly extrabucks rewards. don't miss getting double quarterly extrabucks rewards. i love 'em! hgotta start the day off right. wardrobe. cute. then new activia breakfast blend. a great way to help start the day. mmm... creamy lowfat yogurt with grains in yummy breakfast flavors, like apple cinnamon. its hearty, with twice the protein of regular lowfat yogurt and helps regulate your digestive system. our morning routines are important, aren't they? new activia breakfast blend. the not so pretty truth about their body washes. i wouldn't change. [ female announcer ] this test paper was designed to react like your skin. if other body washes can strip this paper, imagine how harsh th
Sep 29, 2012 5:00am PDT
program we're going to be speaking with sheila bair the former fdic chairman. she was running the fdic at the time. they come in and clean up the banks after they go one. we know those four years, in the span of two years after that the financial crisis unfolded, many banks, lehman brothers, bear stearns, merrill lynch these household names, gone. >> you guys both economic reporters. do you remember what you were doing that day? >> somewhat blurred. i never experienced such an incredible sort of wave of stuff. you're working on five different stories at the same time because it was one thing after another. like when you're in the ocean and the waves keep coming. that's the way it felt like. it was relentless. >> every time i would get a phone call or a look down at my blackberry i was nevus because the emails coming in were constantly -- it was a barrage of negative news and you never knew what to look for next. i remember the bear stearns e-mail that sunday night when it turned out bear stearns was going under getting bought out for $2. i was working for cnbc at the time. everybody sa
Sep 10, 2012 6:00am EDT
join us here at 6:3 a.m. heern. plus we have sheila bair. she has lessons to tell. and we've got tpg founder and ceo, he says now is the time to own financials. plus he'll talk about report that's took an enormous losses due to jpmorgan's london whale. so a busy morning ahead of us, but first let's talk about the big headlines starting with the markets. sharp gains last week to end multiyear highs. the s&p and nasdaq posting their best weeks in three months. and the rally was all ten finished in the black. and bp reportedly talks to sell some of its gulf of mexico oilfields to explain xs floor race and production for about $7 billion. uk energy qui aunt wants to raise money it pay for damages from the 2010 oil spill. >>> and treasury announcing it will sell most of its stake in aig, the move will make the government a minority investor for the very first time since rescued the company can during the financial crisis four years ago. treasury was expected to sell stock this month, but analysts say the makingfully tud of the planned 18 month offering is a surprise and as joe was mentt b
FOX Business
Sep 27, 2012 11:00am EDT
nfl -- we should have the real officials on the field for tonight's game. connell: sheila bair is coming on also. she has a new book out. she will talk about the banks and the bailout. she's coming up later in this hour. dagen: big brother in your chocolate bar. nestle is tracking your whereabouts for a cash payout. you have to stay tuned so we can explain that. then take a look at how oil is doing today, up $1.33 a barrel. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down wit
Sep 27, 2012 3:00pm EDT
on track, she has a lot to say in her new book "bull byhehorns." in the guest spot is sheila bair former chairperson of the fdic. sheila, welcome, and thank you for being with us. >> thank you for having me. >> assert in this book that t bailouts in 2008 and 2009 were ovlyens and most of these companies were not, in fact, too bigo fail. who gets the blame for that? whose decision was na? >> the underlying philosophy in 20 and 2009 was that you stilize the large financial institutions and make the prablegaha g to benefit the broader economy. it didn't work out. i think it's important that we not confuse what's in the big financial institution's interests and what's in the nation's interests. i think there was some confusion there. weid what we had to do, d in 08e n asis situation. in 2009 even after the system had stabilized we still continued pretty generous bailout policies, and nobody was ever restructured, closed, forcedo sell bad assets, fid. wetid ie any builtability on some institutions which contributed to the crisis. >> sheila, please tell me we put stop gaps in place to keep ano
Sep 26, 2012 8:00pm PDT
. >>we will not settle for the easy answers. >> eliot: the former chair of the fdic sheila bair is here and we're picking through the lasting damage from the crash of 2008, but first let's check in with jennifer grandholm. good evening governor what have you got for us tonight? >> thanks eliot, tonight we're going to focus on two crucial swing states. ohio progressive, is going to be my guest, and then colorado is another critical state in the election, and we're going to continue our conversation on clean energy jobs with colorado now to my point. (vo) jennifer granholm ... >>for every discouraged voter, there are ten angry ones taking action. trickle down does not work. in romney's world, cars get the elevator and the workers get the shaft. that is a whole bunch of bunk. the powerful may steal an election, but they can't steal democracy. then how'd i get this... [ voice of dennis ] safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...
Sep 30, 2012 6:00pm EDT
that could really help the housing market more quickly. >> can we get your reaction to sheila bair's new book? >> i was able to work with her very closely. whether it is working on the settlement or in a number of other areas, and the work that she did on loan modifications was something that we looked at closely. when you're setting up our program. when she speaks, i always listen. she has a lot to contribute. i also think that more and more as we look back what we're seeing is that many of the decisions that we made have actually really began to make a difference in the housing market and for families, whether it is the 5.5 million families, the millions of families who have been able to refinance because of the work we have done. all of those things have contributed to the recovery we are seeing, whether it is home prices. i encouraged as the history is more written, what you will see is the steps that we have taken in the housing market have really made a difference. >> the obama administration is taking credit for the price in housing? >> i think there is no question that
Sep 23, 2012 7:30pm EDT
the show for today. thanks so much for being with many me next week, former fdic chair sheila bair. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at ♪ extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child.
Sep 29, 2012 12:30am EDT
fdic chair sheila bair. we'll talk about our efforts to regulate wall street. that is next time. we will see you then. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hunger and we have work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. >> be more.
Sep 24, 2012 6:30pm EDT
talk banking reform with sheila bair, the former head of the f.d.i.c. that's "nightly business report" for monday, september 24. good night everyone. i'm tom hudson, we'll see you online at: and right back here tomorrow night. captioning sponsored by wpbt captioned by media acpess group at wgbh access.wgbh.orga >> join us anytime at there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
Sep 26, 2012 6:00am EDT
british prime minister gordon brown. >> no way. >> it continues. and get this, sheila bair comes to the table. her new become on t financial crisis has some stinging words so award-winning presidential historian evan thomas will take us inside his new book on dwight eisenhower. and from the new nbc show "guys wi kids," actor anthony anderson will be here. > andoming up, mike allen oloboe top stories in the >>> first, bill karins with a check on the forecast. bill. >> he's fantastic. >> well, no, we would not go that far. >> no? >> yeah. >> sorry. >> unadulterated man love for bill karins. >> she has aoster in her room. that's what i heard. sheoes. hes. >> she's on meds again. >> good morning, everyone. unfortunately, the gorgeous september weather that we've been experiencing in new england and the mid-atlantic has come to an end. it looks like a cloudy kind of gloomy period will move in starting today and continue with esetig showers upcomi weekend. through central new england that are now pushing up towards maine. we've also got numerous other areas of rain back towards pittsburgh
Sep 29, 2012 5:00am PDT
poorly. right now i'm joined by sheila bair, author of "bull by the horns fighting to save main street from wall street and wall street from itself." . she's worked as research and director council to republican bob dole. great to have you here. joe weisenthal, deputy editor at business insider. msnbc joy reid at our sister website and josh barro. it was 90 billion views? >> we're pushing 100 billion. >> paid views, yes. >> i'm going to retire. >> that's right. off the royalties from that. if only. if only every writer in america -- >> isn't that how it works? >> isn't that how it works? i found the polling stuff to be kind of remarkable this week. you know, the polling i think, look, let's not overstate how accurate polls are. there's margins of error and it's also possible that we are systematically getting something wrong. there were models in the big wall street banks tharp systematically miss pricing real estate. i think if you're empirically minded and look at the data, the president is winning the race. his lead has increased over the past, you know, month or so. it
Sep 12, 2012 6:00am EDT
unleashed. >>> we're back this morning on "squawk." sheila bair talked to us about the success of t.a.r.p. in her view. and if they really needed the government's help. take a listen to this. >> did he need the money? >> no, i don't think he needed the money. i think he was right. >> almost everybody needed it. >> most probably did not. the capital investments, no. >> the whole system broke down, everybody, that's what people -- >> most people did not need the money. >> most of them did not. they needed liquidity help, we were in a crisis situation in late 2008. but no, at least the commercial banks, frankly, because the fdic fought off the advanced approaches and we had a leverage ratio. >> joining us now this morning is the former chairman and ceo of wells fargo and we are very happy to have you at this table. and i want to start by apologizing to you. we had you on over the summer and we got into a spirited conversation and we had to go through a whole series of production issues, but it had nothing to do with where you were going with that conversation. we wanted to continue w
Sep 3, 2012 12:00pm EDT
. >> until july 2011, sheila bair was one of the government's top banking regulators as chairman of the federal deposit insurance corporation. you just described it as pervasive. >> yeah. it is pervasive. it absolutely is pervasive. and it was just a matter of cutting corners, not spending enough money, not have any quality controls. >> although banks say the courts have been accepting their paperwork, that's changing as desperate homeowners countersue the banks over the document fiasco. this leaves houses unsold indefinitely, undermining the recovery. >> i'm very worried about, if this starts getting out of hand, the kind of impact it will have. >> these are lawsuits by homeowners... >> yes. >> who are being foreclosed upon saying-- >> or are in the process or have already been foreclosed on. >> saying, "prove it." >> yes, exactly. >> "prove that you own this." >> exactly. >> chairman bair thinks rotten mortgage documents are so threatening to the economy that the government should force banks to pay into a massive fund. but you think there needs to be a cleanup fund... >> i do. a clea
FOX Business
Sep 26, 2012 9:00pm EDT
want to talk to you about this book by sheila bair, she really went straight at the treasury secretary geithner, i've got to get your reaction. >> well, first of all, i haven't read her book yet, but i don't want doubt that she went straight at him because they didn't get along very well when she was chairman of the fdic and he was secretary of the treasury. so, and before that he was president of the new york fed, and i think they fought quite a bit. so it doesn't surprise me she went after him in the book. cheryl: william, you were the chairman of the fdic back in the early '90s, but, you know, you fault treasury -- you're very specific -- you fault treasury with a lot of the nation's problems saying the bush and obama administrations was wrongly put, faith was wrongly put on geithner himself. why that take from you at this point? >> well, i think that the whole crisis was bungled badly, and that's really what the book that i wrote is about. that's why it's titled "how washington failed america." washington failed america, first, by allowing this crisis to develop. we had v
Sep 27, 2012 4:00pm EDT
take on this. sheila bair coming out with a new book. she's very critical of a number of executivines during the financial crisis. this is what she writes about you. thaing, whose bank was desperate for capital was worried about compensation. i can't believe it. >> first of all, i haven't read the book. i can just respond to the one little bit. one of the issues we were worried about at the time was if you take government money, how much say does the government have in how you run your business? i think that turned out to be very true. the government got very involved in how the businesses were run, including compensation. >> including compensation and the use of capital. how are you going to spend money on something you think is good for the business when the government says they don't agree? that's the case with aig, general motors. let me get to the study you have done on the middle market. what was the most compelling thing you learned from your middle market customers in terms of where they are in the lending world? >> there were two really interesting things. first of all, our m
Sep 25, 2012 12:00pm EDT
. >>> one-on-one with sheila bair. she take direct aim at timothy geithner. now back to michelle and more on "the fast half". >>> currency traders closely watching spain and greece in connection to the activity in the euro. joining us to discuss this and more, jen nordvig. good to have on you the phone today. mario draghi defending what he's doing when it comes to the euro and monetary policy over there. what do you think of that and what does it mean for the euro? >> well, i was in germany over the week he could. i thi i think he is getting more and more support. he has managed to reduce the tail risk in the system, no doubt about it, but the uncertainty is about when spain is actually going to apply for help. and that is taking longer than many were hoping for. >> that is the uncertainty. you have no doubt that they will. the uncertainty is about when. >> that's right. and i think they will eventually apply in the next one to two months. therefore, for my perspective, this is something that matters for short run of volatility but this issue is not the key driver of the long-term trend a
Sep 29, 2012 1:00pm EDT
very much. jessica yellin joining us from washington. sheila bair and neil barosky, good to see you both. >>> regardless of what happens in washington may not be enough to fend off the economic storm in europe. can europe's problems slow america down? richest quest joins us for a debate that you don't want to the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. heaven on your palate." in other heavenly news, all our yoplait light flavors are now 90 calories each. and cue the angels. what? ok. we don't have angels. yoplait. it is so good. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ]
Sep 26, 2012 7:00am EDT
understand the caller's point but i don't agree with it personally. host: sheila bair, a former head of the fdic in washington, is coming out with a new book. it's about the financial crisis. she is criticizing tim geithner, the treasury secretary and others. i will read a little. guest: well, it's interesting. the caller we just had it is typical of the sense out there in the country that the obama administration was dealing with, that if you help borrowers who have gotten into trouble, then you are helping people that should've been responsible for their own mortgages, for their own credit cards, and why should you take my tax dollars and give it to the title did not do the responsible thing that i did. so i think that was a big reason why you saw the administration and congress not do more on the mortgage crisis and the underwater mortgages and so forth. on the part of the banks, sheila bair was sort of a hero pin all this. she really pushed the administration and congress to make dodd-frank stronger than it might otherwise have been. the battles between her and tim geithner are lege
Sep 28, 2012 6:00am EDT
temps of the appointees and who was doing what. >> what was sheila bair's main contention about geithner? what did she not like about him? >> she also mentionses me in the book. >> she didn't like you either. i was going to get to that. we were talking about geithner, so i needed to go there -- it's a stepping stone. >> her contention is that he was out to protect the banks, that he was in the pocket of wall street. that he was out to protect citigroup much more so than he was out to protect the taxpayer. that's her -- >> and what was your problem? >> that i was playing along. i think the argument was there was this ppip program, not to complicate things. >> you said pee-pee. >> there was an investment program and i added a lot of leverage to the system. it was something ultimately the treasury did not want to do and maybe she thought i was in cahoots with them, which i wasn't, but who knows. >> she said that your column was part of the problem. >> and this was a rn kocornerstf one of the things she wanted to do. >> she doesn't like anyone. >> she's not a fan of most in this par
Sep 14, 2012 4:00am EDT
that helps the man on the street, should you do what sheila bair proposed, namely send each household a check for $5 million interest rate free. i would go as far as to say send them each $10 million free as a gift and put it on the balance sheet of the treasury and the fed and that would boost consumption temporary. don't forget, no countries has ever become rich from consumption. it's capital spending that leads to riches. and i think the mandate of the fed and the hope to boost asset prices to then create wealth is ludicrous. is ludicrous. it doesn't work that way. it boosts spending, that i agree, but the collapse there after is even larger as we have seen following the nasdaq, following the housing bubble. >> mike, there is of course your concern about tighter monetary policy, but also undeniable here that perhaps there has been some erosion of the general middle class. is there something to marc's idea that it would be better to write people checks directly? >> so if you're asking me if monetary policy would be supplemented by president obama and congress doing another
Sep 25, 2012 10:00am EDT
the courage to break free and get the services she needed. sheila bair earned her ged -- sheila earned her ged. she helped pass an anti- trafficking law here in new york. these women endured unspeakable horror, but in their unbreakable will, in their courage, in their resilience, they remind us the cycle can be broken. victims can become not only survivors, but leaders and advocates and bring about change. i just met some of these women and their advocates, and i have to tell you they are an incredible inspiration. they are here, they have chosen to tell their stories, and i want them to stand and be recognized because they are inspiring all of us. please. to each of you, in the darkest hours of your lives, you may have felt utterly alone and it seemed like nobody cared. and the important thing for us to understand is there are millions around the world who are feeling that same way this very moment. right now there is a man on a boat casting the net with his bleeding hands, knowing he deserves a better life, a life of dignity, but does not know if anybody is paying attention. r
FOX News
Sep 28, 2012 3:00am PDT
of potential bail outs. sheila bair will lay in on this because this is scary situation. >> gretchen: all right. thanks for leaving us with that. [ laughter ] >> have a pizza. >> gretchen: we have to do some headlines because sad news, sons of anarchy after an ex-boyfriend of katie perry. they say he murdered his landlady and then jumped to his death. it happened in hollywood. 28-year-old spent two seasons on the show sons of anarchy. probation officers worried about him. he was sent to counseling and left jail five days before he died. >> barney frank has an interesting admission about marijuana. here is what what the congressman said if he was asked smoked pot regularly. >> no, i didn't. i smoke a cigar and did have a brownie once. >> he is five of legalizing marijuana. please retire soon. >> pot cigars, they must contain a lot of pot. >> backlash over president obama. scoring points off of osama bin laden's death using ads like this one, it's note sitting well with the members of the armed forces. we talked to a person who was at the upset he wrote a letter to white house. >> we h
Sep 18, 2012 6:00am EDT
, leaders sure to be in the history books. our guests included sheila bair, former wells fargo ceo. today we will hear it first right here at 6:40 eastern time. plus the story everyone is buzzing did this morning, including all of us right here onset, comments from mitt romney at a closed door fund-raiser back in may. he says the recorded remarks were as he puts it not eloquently stated, but is he not backing town . we'll listen to the full tape and talk to john harwood. plus donald trump reacts. first let's get you up to speed on the headlines. for that we turn to andrew. >> appreciate that. joe mentioned fedex earlier. the company will be posting its fiscal first quarter results this morning. the largest air cargo shipper already warned the decline in the economy is hurting it profits. fedex viewed as a key bellwether for the economy. so strategists will be looking at that to understand the earning season ahead. apple shares krcrossing $700 fo the first time in after hours trading. news that the tech giant sold 2 million new iphones in the first 24 hours of pre-sales. in another tech --
Search Results 0 to 42 of about 43 (some duplicates have been removed)